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MORE DEVELOPMENT

MORE RESIDENTS

$1.75B

current development pipeline

• 3,425 residential units recently delivered, under construction, or planned • 1,803 units completed since start of 2015 • 8,500 residents live in downtown • 35% increase in residents since 2015 • 95% occupancy rate for all multi-family properties in downtown

MORE EMPLOYEES

Densest office market in Triangle with more office space and employees per acre than any other submarket

94.7% OFFICE OCCUPANCY RATE, highest year end occupancy rate in over a decade

589,854 SQUARE FEET Class A office space under construction or soon to begin construction

221,000 SQUARE FEET of co-working space under construction or delivered since 2016

442% INCREASE in co-working space from 2015-2019

47% OF RESIDENTS WITH BACHELOR’S degree or higher

MORE CONNECTIVITY

96 High walk score in downtown, highest walk score in entire region—most walkable part of Triangle

$88M multi-modal center, Raleigh Union Station

320 acres of new parkland being added in downtown area with Dix Park and Devereux Meadows

57 Bike Share: 30 stations and 300 bicycles

miles of new mass transit planned with 20 miles of Bus Rapid Transit and 37 miles of commuter rail

2018 State of Downtown Raleigh Report  
2018 State of Downtown Raleigh Report